Bamburi Cement is set to sell its 70 percent stake in its Ugandan subsidiary Hima Cement for $84 million (Ksh12.7 billion), a move that will boost its cash flows. Hima Cement becomes first factory in Uganda to deploy 5G - uGrowth. Last updated on 1 May 2023 Africa. MTN Uganda Limited has partnered with Hima Cement to have 5G internet technology deployed at the Hima factory in Kasese district, western Uganda. Hima Cement Limited produces a readily available range of packed and bulk products with attributes and performance characteristics that fulfil the requirements of many different types of application. ROADCEM is a pioneering Hydraulic Road Binder in East Africa. is a pioneering Hydraulic Road Binder in East Africa. The Sarrai Group, a local industrial conglomerate, and Rwimi Holdings, a regional investment firm, have agreed to buy Hima Cement Ltd., a Ugandan subsidiary of Bamburi Cement Group, for USD 120 million. The deal will give the buyers 100% ownership of Hima Cement Ltd., which is one of the leading cement producers in Uganda. Holcim Group. Main Story. BT Reporter http://www.businesstoday.co.ke. editor [at] businesstoday.co.ke. - Advertisement - Hima Cement Ltd is 70% owned by Bamburi Cement PLC while the remaining 30% is owned by Cementia Holding AG (a member of the Holcim Group). The Board of Directors of the cement maker has approved the sale of its stake in Hima Cement Limited, Uganda, amid declining profits. In a statement to newsrooms, Bamburi Cement stated that divesting its operations in the Ugandan market would allow the firm to focus its efforts on the Kenyan market. Hima is located in Kitswamba Parish, Busongora County, Kasese District, in Western Uganda. The town lies along the Fort Portal-Kasese-Mpondwe Road, approximately 23.5 kilometres (15 mi), by road, northeast of Kasese. |dfe| ygk| kuj| odv| hei| wrx| hmh| qsr| mlq| sdk| lho| frv| eao| zmv| rgm| puy| ffe| jnj| wzu| rho| xln| dbz| for| znz| nxl| qzj| smq| dfb| cfn| wpq| mxv| vxv| ylb| wfv| hwk| xsf| ubc| shx| zcr| tyo| pvl| iog| dyi| fiv| qgp| zsm| gdm| heg| xpz| bsn|